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Results (8,014+)
Lisa Ryan First Deal: How are the numbers
19 November 2013 | 6 replies
@Lisa Ryan The information you provide is a little thin, but let's have a look w/ a few small assumptions: Scheduled rent: $1,950.00/month $23,400.00/yr Vacancy allowance (10%): $195.00/month $2,340.00/yr {Effective} Gross Revenue: $1,755.00/month $21,060.00/yr Expenses: Taxes: $250.00/month $3,000.00/yr Insurance: $100.00/month $1,200.00/yr Heat: $333.33/month $4,000.00/yr Water/Sewer: $150.00/month $1,800.00/yr Maintenance/CAPEx (10%): $175.00/month $2,100.00/yr Property Management(7-10%): $150.00/month $1,800.00/yr Garbage: $50.00/month $600.00/yr Landscaping/Snow removal: $50.00/month $600.00/yr ----------------------------------------------------------------------------------- Total: $1,258.33/month $15,100.00/yr NOI: $496.67/month $5,960.00/yr This gives you a CAP rate of 5.2% at the stated price.
Michael D. Repair and maintenance budget on old property?
6 April 2019 | 18 replies
I assume you have good windows or count on $500 per window for the good ones with lifetime warranty.Also, plan on repairing water damage in an old building, water will be your worst enemy.make sure you tell tenants to take out their garbage regularly and make them responsible for keeping the place clean.
David Brown Owning real estate
25 June 2009 | 6 replies
Fees associated with owning real estate taxes, insurance, lawn/landscaping, snow removal, garbage, gas, electric, water, sewer, rehab, upkeep, gas driving to and from, your time, stamps, mortgage, home owner assiciation If your renting it some of those may be put on the renter in the lease - some may come out of your cash flow....
Rich Weese flood insurance,fire insurance or none-
4 January 2010 | 54 replies
A couple college kids in one side were smoking and threw a cigarette butt into the garbage outside under the porch.
Carlos Quiros Questions from a new investor.... :-/
4 October 2023 | 2 replies
What percentages are you seasoned investors assigning in your models forInsurance (I know that I can look this up but is there a baseline number to get an idea)Maintenance %ageRepairs %ageCap ex %ageManagement Fees %ageWho typically pays for (Gas, Electricity, Water, Sewage/garbage)Should I avoid properties where I pay water as it would eat into my profits?
Christian Podedworny Where to find section 8 tenants?
26 June 2013 | 14 replies
Are the blinds all cracked and broken, is there garbage in the yard, or do they have well maintained plants in the windows.
Ken Latchers Water Expense problem
11 May 2012 | 27 replies
From what I can tell $75/mo PER UNIT is about right (water, garbage and sewer are all billed together).I'm looking at the same options you are, and I'm not sure what the right answer is.
Bill Gulley Accepting colleagues and followers
9 March 2011 | 3 replies
This is akin to spam in my book.The last thing we want is for people to get overrun with people sending them garbage ad colleague requests.We're more than happy to remove and ban any user who abuses our system to send these kinds of requests.
Jordan Laney DO NOT TRUST CHICAGO DEAL VAULT!
8 September 2023 | 12 replies
@Jordan Laney sorry you had to learn the hard way... paid programs are garbage generally.
Ryan Weddle Cap rates - small vs large multifamily
25 April 2018 | 16 replies
It seems those surveys are typically focused on larger multifamily properties (naturally - I can't imagine the garbage data you would get trying to put that info together for every 4-flat that sells).So I'm wondering how you think those cap rates translate to smaller properties.